Riverwoods, Illinois.
Typical home $1,018,151 (+8.8% in a year). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$2,993 (+127%) since Jan 2020.
- 1 year
- Up $82,428 +9%
- $935,723$1,018,151 since Sep 2025
- 5 years
- Up $292,735 +40%
- $725,416$1,018,151 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Riverwoods$5,344
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Riverwoods, IL rose 8.8% over the past year — faster than the nation's +1.2%.
Living in Riverwoods, Lake County, Illinois
Riverwoods is a village of 3,790 people in Lake County. Half its households earn more than $249,205 a year and half less, against $110,416 across Lake County; 1% of its people live below the poverty line. 93% of its homes are lived in by their owners and 7% are rented. Unemployment in Lake County was 3.8% in August 2026, and the county had 1.1% fewer jobs in 2025 than the year before. The most residents work in professional services, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Riverwoods is a small village in Lake County where nearly everyone owns the home they live in, and the population is older than in most places. Household incomes run far above the county's, and very few residents live below the poverty line. A four-year degree is common among adults here. Winters are cold, with January highs just around freezing, while July brings warm days, and the year's rain and melted snow add up to a moderate amount.
Work. Residents work mainly in professional and business services, manufacturing, schools, hospitals and social care, and banks, insurance and property. Among the largest workplaces in Riverwoods are Discover Financial Services, Elevate Care Riverwoods and ABM Industries. A good number of people work from home, and those who travel to a job face a fairly long typical commute. Across Lake County, unemployment is lower than a year ago, though the county has fewer jobs than the year before.
Things to do. The Chicago Botanic Garden is a botanical garden a short drive away. A longer drive leads into Chicago, where the Art Institute of Chicago and the Field Museum of Natural History are both well-known museums. Wrigley Field, one of the city's best-known stadiums, is also a longer drive away.
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- 1,241households
- 77%of adults have a degree
- 1%below the poverty line
- 34 mintypical commute
- 25%work from home
What residents work in
Employed residents by industry, from the Census survey. Lake County had 325,826 jobs in 2025, 1.1% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 18°; warmest in July, with highs near 84° and lows near 66°. About 32 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chicago Palwaukee Airport weather station, 4 miles away (NOAA).
Largest workplaces in Riverwoods
- Discover Financial ServicesOffice administration services4,822
- Elevate Care RiverwoodsNursing homes140
- ABM IndustriesService to buildings and dwellings41
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 5,003 people in all. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Inland floodingRelatively high
- TornadoesRelatively high
- Cold wavesRelatively high
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Riverwoods’ census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Riverwoods home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Riverwoods$1,018,151
- Illinois$295,943
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Riverwoods16
New listings per month
Sellers arriving at the market.
- Riverwoods7
Zip codes with a Riverwoods address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Riverwoods — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zillow publishes no zip-level series with this city on the address.